It’s Democracy Stupid

Institutions like the World Bank, IMF and WTO must undergo democratic overhauls if they are to help achieve stated global goals of equitable and sustainable development, or even to run with rudimentary efficiency.

They must also learn to recognise the legitimate authority of truly representative bodies and international agreements arrived at during the 1990s, such as the Earth Summit treaties and international poverty reduction targets. These were agreements arrived at by the most open and inclusive negotiations that the international community has yet achieved.

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